Businessman: Potential for Purchasing Ability are increasing until the End of Year

Wednesday, 31 October 2018 02:39

Businessman: Potential for Purchasing Ability are increasing until the End of Year

Although some developing countries are experiencing global crisis problems, it seems that so far Indonesia’s economic condition is no need to be worried. Even it’s stated that the consumers’ purchasing ability potentials so far have increased.

"The consumers’ purchasing ability potentials in the future are still strong, but the tendency of the people to save is still in the future," stated Deputy Chair of the Indonesian Chamber of Commerce (Kadin) for Transportation, Carmelita Hartoto when confirmed on Tuesday (9/11).

According to Bank Indonesia retail sales data released on Monday (10/9), the Real Sales Index (IPR) experienced an increase or an increase in July with an IPR of 2.9% year on year (yoy) in July 2018. This is 0.6% higher than the June 2018 data of 2.3% (yoy).

Besides that, BI also predicted that retail sales would grow steadily in August 2018. IPR is predicted to grow by 2.8% (yoy) or relatively stable compared to July, 2.9% (yoy).

Carmelita said that the tendency of the consumers to holding back is still exists. This is because Indonesia will soon enter a political year, especially when global economic conditions are experiencing uncertainty. "With the global economic conditions, the election year, society is restraining themselves," she said.

She also said that until the end of this year the potential for purchasing ability to strengthen due to the holiday season or peak season. This then makes the demands for goods increase and the purchasing ability potential is still high.

"This pressure is due to the end of the next three months at the end of the year which coincides with Christmas and New Year so that there will definitely be demand for goods that will rise," he said.